Singapore's Breadtalk founder Quek to privatise company with 77 cents per share offer

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SINGAPORE (Feb 24): BreadTalk Group, one of the more high-profile consumer brand names in Singapore, might soon join the growing list of companies privatised from the Singapore Exchange.

On Feb 24, the company announced that a consortium led by BreadTalk founder and chairman George Quek is offering to buy over the remaining 29.47% of the company which they do not already own.

The offer price, at 77 (Singaporean) cents per share, is a premium of 19.4% over BreadTalk’s last traded price of 64.5 (Singaporean) cents earlier on Feb 24, before a trading halt was called. The offer price is...(click on link for full story on theedgesingapore.com)